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The oceans are also heating to record levels, raising the risk of more intense storms. Paris: The 2024 northern summer saw the highest global temperatures ever recorded, beating last year’s record and making this year likely Earth’s hottest ever, the EU’s climate monitor said Friday. The data from the Copernicus Climate Change Service followed a…
Read More “June-August 2024 Were Hottest Summer Months Ever Recorded” »
As climate envoys from the world’s top two greenhouse gas producers meet in Beijing this week, experts say China’s emissions may finally be nearing their peak. US climate envoy John Podesta will be looking to solidify Beijing’s commitments — which include topping out its planet-warming emissions by 2030 — as he meets this week with…
Read More “China’s emissions nearing peak, says U.S. climate envoy” »
A month ago, a student-led movement ousted Bangladesh’s Prime Minister, Sheikh Hasina, after weeks of protests and clashes that killed over 600 people and pushed the country to the brink of chaos. What began as student protests over government jobs became a large-scale revolt against the country’s longest-serving Prime Minister. Ms. Hasina, 76, fled to…
Read More “A month since Sheikh Hasina was forced out, Dhaka’s new rulers ask for ‘patience’” »
File image.© X (Twitter) Swimming Australia on Friday sacked a member of its Olympic coaching staff, saying he caused serious reputational damage by supporting a rival South Korean athlete racing against his countrymen. Coach Michael Palfrey caused a stir when he said he hoped Kim Woo-min — who he coached at one point…
Read More ““Un-Australian”: Australia Swimming Coach Sacked For Supporting Another Team” »
Global property markets, rattled by the steepest rise in interest rates in a generation, will get little relief from the gradual easing of borrowing costs, with scant hope of a return to the free money that fuelled a boom. The multi-trillion dollar industry, which thrived in the decade after the global financial crisis when the…
Read More “Falling rates offers scant shelter from property storm” »
Key factor: Investors have recently given greater importance to U.S. job market data. | Photo Credit: Reuters The dollar stayed on the back foot on Thursday as renewed concerns over the U.S. economy’s growth outlook bolstered expectations of a supersized rate cut from the Federal Reserve this month. The yen was a notable outperformer, in…
Read More “Dollar struggles to find footing on rising bets of outsized Fed cut” »
Safe haven: Deposits ensure safe returns while customers risk losing money if markets correct. G | Photo Credit: Getty Image/iStock Bankers have called for the development of innovative products to reclaim deposit customers who have moved to the equity market. They cautioned that while deposits ensure safe and periodic returns, customers risk losing money if…
Read More “Bankers try to recoup lost mutual fund clients” »
File image of Cole Palmer.© AFP Cole Palmer has not been included in Chelsea’s squad for the opening stages of the UEFA Conference League in a bid to manage the England star’s minutes in a season that could run till mid-July. Romeo Lavia and Wesley Fofana were also left out reportedly due to…
Read More “Chelsea Drop Best Player Cole Palmer From European Squad. Here’s Why” »
BYD is rolling out electric-vehicle charging stations and ramping up marketing and customer incentives in Japan, aiming to boost sales in a market that has become a stumbling block in the Chinese automaker’s global expansion. Warren Buffett-backed BYD has become China’s largest EV maker after years of breakneck growth at home. Now it is expanding…
Read More “BYD’s global expansion push runs into stiff challenge in Japan” »
As billionaire Elon Musk’s clash with a Brazilian Supreme Court justice came to a head last week, there were legal twists, insults, ultimatums, defiance and then, finally, capitulation. When the digital dust settled, X had become an ex. Musk’s social media platform was banned nationwide and Justice Alexandre de Moraes set a whopping $9,000 daily…
Read More “With Elon Musk’s X banned in Brazil, its users carve out new digital homes” »